2. With a view to deepening the corporate bond market in India through enhanced retail participation, banks, while issuing subordinated debt for raising Tier II capital, are encouraged to consider the option of raising such funds through public issue to retail investors. However, while doing so banks are advised to adhere to the conditions prescribed in our circular dated January 13, 2010 referred to above so as to ensure that the investor is aware of the risk characteristics of regulatory capital instruments.